Trump Dines On Steak In Tokyo, Sending Restaurant Shares Higher

As policy experts scramble to interpret the significance of U.S. President Donald Trump’s visit to Japan, there’s already one standout winner in the stock market.

Ukai Co., which operates an upmarket restaurant chain, surged as much as 7.3 percent on Monday (November 6) following a local media report that Trump had dinner with Prime Minister Shinzo Abe at its flagship Tokyo store in the glitzy Ginza area on Sunday November 5.

Trump and Abe were accompanied by their wives, and had dinner at Ginza Ukai Tei, a restaurant known for teppanyaki, a Japanese cuisine popular among tourists where meat and vegetables are grilled on an iron griddle in front of customers, Kyodo news reported.

The guests were served a “special menu,” which included grilled Hokkaido scallop, the restaurant’s “best quality” steak and a chocolate sundae, according to a spokeswoman for Ukai.

The two couples arrived at the restaurant at 7:37 p.m., held a photo shoot at 7:38 p.m and started dining at 7:42 p.m., according to the Kyodo report.